30-Year Fixed Mortgage Rate Rises For Second Consecutive Week

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.71 percent, up from 4.66 percent at this same time last week.

After falling to 4.63 percent last Wednesday, the 30-year fixed mortgage rate steadily increased for the majority of the week, peaking at 4.72 percent early Tuesday morning before falling to the current rate.

Additionally, the 15-year fixed mortgage rate on Tuesday morning was 3.94 percent and for 5/1 ARMs, the rate was 3.25 percent.

What are the rates right now? Check Zillow Mortgage Marketplace for up-to-the-minute mortgage rates for your state.